RNLX - U.S. IPO Week Ahead: The IPO Market Takes A Breather In A 3-IPO Week
After an active July, the US IPO market is taking a breather. Three companies are scheduled to raise $2.5 billion in the week ahead, led by Chinese real estate giant KE Holdings (BEKE).
KE Holdings, China's largest housing platform operating under the Lianjia and Beike brands, plans to raise $1.9 billion at a $20.7 billion market cap. Insiders, including Tencent and SoftBank, have indicated on $800 million of the IPO. Fast-growing and profitable in the 1H20, the company's platform had over 260 real estate brokerage brands, 42,000 community-centric stores, and 456,000 agents across 103 cities